Note that conditions haven’t been getting worse in America, but there’s a campaign by the populists to make people feel like it’s worse.
The economy is better than before the pandemic, the wages have finally started beating inflation (to the point people are making more now in wages than before the pandemic). But if you’re on social media you would not think this is the case.
Note that conditions haven’t been getting worse in America, but there’s a campaign by the populists to make people feel like it’s worse.
The economy is better than before the pandemic, the wages have finally started beating inflation (to the point people are making more now in wages than before the pandemic). But if you’re on social media you would not think this is the case.
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Except the uptick is from 1990, it’s been getting better for about 34 years now, with setbacks in the dotcom crash, financial crisis and the pandemic.
There haven’t been better wages at any point in US history as we beat the uptick of the 1970s some time ago
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Home ownership rate has been steady for decades
The wages have been going up, just not exactly as fast productivity for several reasons:
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Look at the scale, it’s between 63-68 for decades and the top number was literally a bubble
I agree that not all of the productivity gains go to the workers, but the workers are better off now than before
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Corporations owning houses is a tiny percentage, again, home ownership rate is 60%+